Indian Oil Corporation (IOC), will be investing Rs.3,400 crore in Assam over the next 5 years, for augmenting its operations by setting up new units as well as upgrading existing ones.

As per an official, the company will be signing a MoU with the Assam Government to this effect, at the 2 day ‘Advantage Assam-Global Investors Summit 2018.

Further, the company’s board has already given approval to the funding and may increase it in future depending upon the progress of work.

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